Definition ∞ A multi-asset fund is an investment vehicle that allocates capital across various asset classes. These funds typically hold a combination of stocks, bonds, commodities, and potentially alternative assets, including digital assets. The strategy aims to achieve diversification, risk management, and specific return objectives by adjusting asset allocation based on market conditions. Professional managers oversee these funds, seeking to optimize portfolio performance across different market cycles.
Context ∞ The inclusion of digital assets within traditional multi-asset funds represents a significant shift in investment management discussions. Considerations involve the volatility of cryptocurrencies, regulatory uncertainties, and the valuation methodologies for novel asset types. The coming years will likely witness increased institutional research and product offerings that incorporate digital assets into diversified portfolios.